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Goldman Sachs vs JPMorgan

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    Offers for internship at both companies. Technology division.

    JPMorgan seems to pay a little more.

    Where would you go and why? Who has the nicer office? Which is the better company? Is there even a difference?

    Globally I believe JPMorgan is making more money than GS but I could be wrong.
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    Made me think of this;

    http://www.youtube.com/watch?v=Lx4poQw1mZo
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    Rude.

    UBS turned me down FYI.

    To infer I'm a moronic student who thinks "THE GOLDMAN SACHS IS BEST PLEASE GIVE ME JOB" is pretty ridiculous when I'm asking a plain question.
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    (Original post by M1011)
    Made me think of this;

    http://www.youtube.com/watch?v=Lx4poQw1mZo
    you never post anything worth reading in this forum
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    (Original post by redspecial)
    Rude.

    UBS turned me down FYI.

    To infer I'm a moronic student who thinks "THE GOLDMAN SACHS IS BEST PLEASE GIVE ME JOB" is pretty ridiculous when I'm asking a plain question.
    I only said it made me think of that, you don't see the connection? Clearly you don't think that as you've asked opinions on the two. I didn't mean to insult you for getting multiple offers Just a funny video no?

    (Original post by bmqib)
    you never post anything worth reading in this forum
    I'm sorry who are you? I don't believe we've met. Do you read all my posts?
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    (Original post by M1011)
    . I didn't mean to insult you for getting multiple offers Just a funny video no?
    I wasn't bragging or trying to. I wanted to know from people who are familiar with them (preferably have worked or interned there) so that I could make a rational decision and get some information. All I really know is that GS ripped off other banks during the crisis and JPMorgan is like the white knight. And I know the figures; that JPMorgan seems to have more income, is much larger due to Chase, but that profit doesn't mean much compared to what GS made ripping off others. Please feel free to add or enlighten me on any of these points because I don't know any better, genuinely.

    And yes it's a funny video but kind of offtopic.
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    Wow congrats an offer from both of these firms. I don't think you can go wrong choosing either really. I think GS may have more 'prestige' but JPM may be a 'better' work environment.
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    It's tech, not IBD. Flip a coin.
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    (Original post by miml)
    It's tech, not IBD. Flip a coin.
    Can I expect it to suck?

    Should I have gone with IBM or something?
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    Disclaimer: I started at Goldman so I am biased but...

    Goldman Sachs is by far the best place to start a career. They usually pay the average or just under because they don't need to pay a premium to attract young talent. Having Goldman on your CV will open doors that were previously closed and will increase your market value immeasurably.

    That said, JP Morgan is also a reputable institution but as I said, I am biased.

    Ultimately, look closely at the team that you are going to join. Use the team to be the ultimate deciding factor for which institution you go for.

    (The) Girl Banker
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    (Original post by redspecial)
    Can I expect it to suck?

    Should I have gone with IBM or something?
    My point was more along the lines of mid/back office work tends not to vary much in terms of 'interestingness' across banks. With IBD for example there's a clear difference between GS and JP in certain areas, but with tech it's likely the job won't vary much at all amongst the IBs.

    Prestige doesn't really come into it, unless you want a business card that say's Goldman (or JP Morgan), but this is internship level, the most important thing is perhaps converting the job to a full time offer. In which case try and find conversion rates for summer to full time and choose based on that.
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    Thanks for the replies, made up my mind.

    Whether or not technology is interesting can be argued.
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    You will be required to work like a dog at both. JPM is a notorious sweat shop, and GS is just the same.
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    Im just speculating and this might not actually be true, but having Goldman on your CV perhaps looks better if you decide to leave tech at some point and go work in a non-finance IT job.
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    (Original post by redspecial)
    Can I expect it to suck?

    Should I have gone with IBM or something?
    IBM take on a lot of graduates, but as a grad you'll be stuck on 27k for two years. So no, I think either of the above are better choices to be honest.
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    (Original post by poohat)
    Im just speculating and this might not actually be true, but having Goldman on your CV perhaps looks better if you decide to leave tech at some point and go work in a non-finance IT job.
    Really, having the "evil" bank on the CV is better than one that got away? Amongst non-finance people, most of whom hate GS?
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    (Original post by KLL)
    Really, having the "evil" bank on the CV is better than one that got away? Amongst non-finance people, most of whom hate GS?
    Even the Daily Mail has moved on.
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    Clearly JPM, massive investment in tech, plus I'll be working there . Also I liked that they have contributed to open source stuff too, though maybe all banks do and don't mention it :p:. (Surprised you are still deciding, thought JPM sent out their last offers a couple of months ago?)

    Which did you go for?
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    I'd go for the first one because the sachs of a Gold man will surely be less wrinkled and sweaty than those of a regular human.
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    (Original post by miml)
    Even the Daily Mail has moved on.
    other media hasn't
    https://news.google.co.uk/news/story...ed=0CDEQqgIwAA

    Don't get me wrong, thats not my opinion (hence the "s). I'm fairly indifferent towards them and have my own reasons for not wanting to work for them.

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